Taxes
Latest News
AICPA Offers Comments to IRS on Domestic Content Bonus Credit Requirements
CBIZ Reaches Deal to Acquire Fellow Top 15 Firm Marcum
Professionals on the Move – July 2024
Washington State Considers Creating a Retail Delivery Fee
Connecticut Bookkeeper Charged with Embezzling $800K from Veterans Organization
A Connecticut bookkeeper has been accused of embezzling more than $830,000 from a nonprofit veterans' organization, police said.
IRS Says Interest Rates to Remain Unchanged for Q3
The Internal Revenue Service says that interest rates will remain the same for the third calendar quarter of this year, which begins July 1, 2014.
![2017 Avalara Logo Tagline RGB 01 59f20e2d0bc6a](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/15594/2017_Avalara_Logo_Tagline_RGB_01.59f20e2d0bc6a-768x277.png)
Sales Tax & Compliance
The Sales Tax & Compliance series is being created with the practitioner in mind. In cooperation with Avalara, each month we'll provide you with the latest news relating to state and local tax issues, updates on federal legislation, checklists and ...
![Deductions-286x3001](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/15592/deductions-286x3001_11501584.png)
Summer Time Tax Tip #8: Deductions for Medical Expenses: When a Swimming Pool is Deductible
However, there’s a silver tax lining if the pool is needed by a family member to alleviate arthritis or some other specific illness. For a medically-necessary improvement made by a homeowner, the deductible amount is equal to the cost above the corresponding increase in the home's value. In addition, the annual maintenance costs associated with the pool — chlorine, repairs, utilities, cleaning services, etc. -- also qualify for the deduction. Note that the entire cost of a qualified improvements, plus the maintenance costs, is deductible by tenants.
Pennsylvania Lawmakers to Consider Medical Mariijuana, Other Issues
June's arrival for many Pennsylvanians signifies the start of summer fun -- beaches, sun and outdoor activities. But at the state Capitol, it's crunch time.
IRS Releases Spring ‘Statistics of Income’ Bulletin
The Internal Revenue Service has released the spring 2014 issue of the Statistics of Income Bulletin, which provides information on high-income individual income tax returns filed for tax year 2011.
![Target-data-breach-500x3801](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/15580/target-data-breach-500x3801_11298538.png)
Target Board Defends Role Before and After Data Breach
Under fire for its handling of the data breach, Target's board is now defending itself to shareholders in advance of next week's annual meeting.
![DrakeSoftware_LOGO-RGB](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/15574/drakesoftware_logorgb_10358735-768x416.png)
2014 Review of Drake Tax
Drake Software is a tax software solution designed for quick data entry and return processing. A unique aspect to Drake Software is the all-inclusive pricing model. This allows tax practitioners to process unlimited federal, state and electronic filing at a known, fixed rate with no additional function modules to purchase. Drake’s software system includes built-in free modules for client write-up, payroll and practice management.